WTI Oil at $109/$110 a barrel--Sun Evening

113,485 Views | 967 Replies | Last: 4 days ago by No Spin Ag
HoustonAggie11
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Did Trump and team expect seems like they are scrambling?
tysker
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AG
aggiehawg said:

Not sure how much this helps. Can anyone explain?



This means the government appreciates how protectionism leads to higher costs.
Maybe there can be a discussion outside of free-market nerd circles about how the Jones Act has damaged the shipping industry and essentially destroyed the shipbuilding industry in the US.
Kenneth_2003
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samurai_science said:

Dan Scott said:

It won't do much for west coast. A tanker loading in USGC for the West Coast will take a lot of time. It's not a normal route in the base case. It could help the East Coast by having a more tankers available to send product up there.


Don't care about the west coast, they voted for it

Pretty sure the West Coast is already using the Bahamas as an intermediary before transiting the Panama Canal as a way to bypass the Jones Act.
Secolobo
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Dan Scott said:

It won't do much for west coast. A tanker loading in USGC for the West Coast will take a lot of time. It's not a normal route in the base case. It could help the East Coast by having a more tankers available to send product up there.

Maybe the west coast should start drilling...
Squadron7
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Democrats are mad because the market has gas prices up in other places to where the guy they want for President has chosen to keep them in California?
Deerdude
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I don't get why Montana diesel prices were around $3.75 while Texas is about a dollar more.
Dan Scott
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Deerdude said:

I don't get why Montana diesel prices were around $3.75 while Texas is about a dollar more.


The free market helps and hurts. I think Montana is benefiting from their diesel is not being exported. It'd be too expense to take diesel from the Rockies to the coast to shop so it's stuck there. In Texas though, the refiners will sell to the highest bidder globally.
DonHenley
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Gas prices up, stock market down, bigly. This Iran war has to end, soon. Trump just giving away the house and senate in the midterms at this point.
MemphisAg1
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tysker said:

aggiehawg said:

Not sure how much this helps. Can anyone explain?



This means the government appreciates how protectionism leads to higher costs.
Maybe there can be a discussion outside of free-market nerd circles about how the Jones Act has damaged the shipping industry and essentially destroyed the shipbuilding industry in the US.

It is awful for a number of US industries. We pay a lot more for raw materials or to ship finished products because of this 100+ year old stupid law that doesn't allow free market competition for transporting goods.
Old McDonald
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HoustonAggie11 said:

Did Trump and team expect seems like they are scrambling?
you can safely assume the answer to this question is usually no
Hoyt Ag
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DonHenley said:

Gas prices up, stock market down, bigly. This Iran war has to end, soon. Trump just giving away the house and senate in the midterms at this point.

Rs aren't winning either regardless.
No Spin Ag
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Hoyt Ag said:

DonHenley said:

Gas prices up, stock market down, bigly. This Iran war has to end, soon. Trump just giving away the house and senate in the midterms at this point.

Rs aren't winning either regardless.


That makes me wonder if Trump is doing this because he's got nothing to lose politically.

Just a thought.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
techno-ag
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DonHenley said:

Gas prices up, stock market down, bigly. This Iran war has to end, soon. Trump just giving away the house and senate in the midterms at this point.

At least it keeps Iran from getting a nuke.
The left cannot kill the Spirit of Charlie Kirk.
No Spin Ag
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techno-ag said:

DonHenley said:

Gas prices up, stock market down, bigly. This Iran war has to end, soon. Trump just giving away the house and senate in the midterms at this point.

At least it keeps Iran from getting a nuke.


Trump said that was taken care of last summer.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Dan Scott
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I don't think they thought Iran would react this way. They saw an opening to take our Khamenei and they did. That's why they didn't evacuate or warn others ahead of time. Trump said there wasn't time. And right now they aren't prepared to defend the strait yet.
Queso1
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The sooner the west realizes that these groups are largely incapable of embracing democracy, the better.
Dorm 15
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I pray you are wrong because if we blink now I cannot fathom the consequences.
samurai_science
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Kenneth_2003 said:

samurai_science said:

Dan Scott said:

It won't do much for west coast. A tanker loading in USGC for the West Coast will take a lot of time. It's not a normal route in the base case. It could help the East Coast by having a more tankers available to send product up there.


Don't care about the west coast, they voted for it

Pretty sure the West Coast is already using the Bahamas as an intermediary before transiting the Panama Canal as a way to bypass the Jones Act.

I still dont care about them
samurai_science
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LMCane said:

Brent Crude (International Benchmark):

Reached a peak of approximately $139 per barrel in early March 2022.

It averaged $122.71 per barrel in June 2022.

West Texas Intermediate (WTI - U.S. Benchmark): Peaked at a 14-year high of $113.77 per barrel in June 2022.


hmmm- I don't remember CNN and the leftists and TDS sufferers explaining what a earth ending disaster that was. must have missed it!

samurai_science
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Dorm 15 said:

I pray you are wrong because if we blink now I cannot fathom the consequences.

LOL, what are you worried about?
Dan Scott
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Dorm 15 said:

I pray you are wrong because if we blink now I cannot fathom the consequences.


Global inventories coming into the conflict were near the highs which provides a cushion. Huge difference between 2022 when they were near lows. It buys time. I'd worry if this persists into April. India is effed though, they have practically no reserves
FWTXAg
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DonHenley said:

Gas prices up, stock market down, bigly. This Iran war has to end, soon. Trump just giving away the house and senate in the midterms at this point.


Just like Epstein, he didn't have a choice on this either. He should go scorched Earth and tell us what they have on him.
Dan Scott
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flown-the-coop
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If this lasts more than about a week, then we can talk.

Iran has no ability to control the straits of George de Hermes more than the early terror threats.

This would be like the Germans having exactly one uboat and claiming no shipping anywhere in the world.

Relax, Trump has this.
Dan Scott
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flown-the-coop
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Dan Scott said:



The other way to read this… Russia is forced to sell crude already in transit at market rates in order to ease sanctions. Any proceeds from these sales will be used to settle Russian sanctions in arrears.
Rocky Rider
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Queso1 said:

The sooner the west realizes that these groups are largely incapable of embracing democracy, the better.


Iran is Afghanistan 2.0. They will revert to radical Islam shortly after we pull our foot off their throat. We'll lose a lot of young folks and money trying to effect lasting change. Destroy their nuclear capability and move on.
No Spin Ag
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Rocky Rider said:

Queso1 said:

The sooner the west realizes that these groups are largely incapable of embracing democracy, the better.


Iran is Afghanistan 2.0. They will revert to radical Islam shortly after we pull our foot off their throat. We'll lose a lot of young folks and money trying to effect lasting change. Destroy their nuclear capability and move on.


We were told we destroyed their nuclear capability last summer.

Also, if we just move on, isn't it just a matter of time before things go back to how they were? Wouldn't that be the same problem for future generations that is being left to them?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
tysker
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Quote:

Relax, Trump has this.

I must say your commitment to Trump is both honorable and alarming. Charming with a scent of abuse.
flown-the-coop
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Not sure it's commitment or simply having faith he can navigate us through this.

This action in Iran is a big big gamble for Trump and his legacy.

For those who say he did so on a whim, to appease Lindsey Graham, that he has no plan, no end game and goals… that sounds like TDS nonsense to me.

I do think Trump has this. Will it all be honkey dora? Who knows. But i am glad it's Trump at the helm leading this action.
Queso1
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But can we practically just up and leave? This will destabilize the region. Everyone sees videos of celebrating Iranians, but what percentage of the people is that? And, do they care about "freedom" as much as the Islamists care about their religion? This could easily turn into a cluster that affects us for 50 years.
MouthBQ98
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For a while, but someone obviously tipped them off in 2025 and they hid some highly refined uranium, then apparently started negotiations afterwards with the direct statement they had material to make about a dozen warheads already as a starting point. Building a few centrifuges to finish processing doesn't take all that long, and the technology to build a basic atomic warhead has been shared around by despotic third world regimes for some time now. Stopping Iran long term always required regime change or periodic military intervention to destroy key elements of the program to keep resetting its progress.
MouthBQ98
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We don't know where a change might lead, but would the worst case be any worse than more or less the same as before, only with a major setback in resources and capability?

You think they could hate us more than "Death to America" being the byline at literally every meeting or assembly? It seems like a reasonable gamble that any change could likely only be some degree better.
Kozmozag
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90 million iranians. Have no idea what percentage support the regime, 25 to 30 percent? The only way to get regime change is thru the military.
No Spin Ag
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Queso1 said:

But can we practically just up and leave? This will destabilize the region. Everyone sees videos of celebrating Iranians, but what percentage of the people is that? And, do they care about "freedom" as much as the Islamists care about their religion? This could easily turn into a cluster that affects us for 50 years.


Hence why just bombing their military into oblivion won't change things permanently, culturally, etc.

And if they weren't a threat to us or the world since we were told we took out all of their nukes last summer, then what was the point of this?

Some would say because Israel led us into it. I tend to believe Trump that it was to do a regime change to take the country back to where it was when the culture was closer to the west that it has been in almost fifty years.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
 
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